US 10-year yields challenge the Asian high

Rates could break even higher

Today's price action is confirming yesterday's breakout.

US 10-year yields touched 1.45% overnight but slipped back down to the figure early in Europe. A second leg higher appears underway with 10s at 1.45% again.

That comes amidst the same backdrop as we saw yesterday -- an old fashioned risk on trade with rates, stocks and commodities all coming to life.

Seeing the flows into the Russell 2000, you have to think a rotation trade is underway.

 
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September 25, 2021 at 01:45AM
Adam Button
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